Global Medical Aesthetic Market is anticipated to rise at a value CAGR of 10.3% over 2019-2028. According to a study published by Insure Insights on the Global Medical Aesthetic Market. Aesthetic medicine is being used to improve overall appearance in the body and to treat skin conditions like scars, skin laxity, wrinkles, moles, liver spots, pigmentation, acne excess fat, spider veins, cellulite, unwanted hair, and skin discoloration. The increase in awareness among the individual about medical aesthetics treatment have driven the market growth
Top Driver: The increased demand for minimally invasive procedures is driving the growth
The rise in the technological development in medical aesthetics has led to the development of minimally invasive and non-invasive aesthetic procedures and thus have primarily driven the demand of the market; these procedures are less painful. The rise in the disposable income among the consumers and an increase in the awareness to look pleasant and appealing has further boosted the growth of the market. The rise in skin disorders like acne, pigmentation wrinkles vitiligo has further promoted market growth. The rise in the geriatric population around the globe have escalated the overall growth
Facial Aesthetics has dominated growth in the Global Medical Aesthetic Market
Based on the Product, Facial Aesthetics segment have obtained the highest growth due to an increase in the demand among the individual to look pleasant and appealing have enhanced segmental growth. The increase in the number of Facial skin disorders like, wrinkles acne pigmentation, vitiligo has highly contributed to the market growth and thus have improved patient demand for facial aesthetic treatments. The rise in the disposable income among the consumers and the growth in the geriatric population have further contributed to the segmental growth.
In terms of the End User, Hospital segment have obtained the most remarkable growth owing to better healthcare facilities, improved healthcare infrastructure, availability of skilled physicians, and technologically advanced devices etc. Clinics have also obtained a significant growth due to the adoption of new technologies in the clinics.
North America boosts the regional market due to the Technological advances in
North America has held the highest market growth owing to the technological advancements and better-advanced healthcare infrastructure of the region, Moreover, the availability of board-certified and skilled cosmetic surgeons in the region are the primary factors driving the market growth. The rise in skin disorders and an increase in the demand to look pleasing and appealing have escalated the overall market growth. The rise in medical tourism in the region and growth the geriatric population have significantly influenced the market growth.
9Product launches, New innovations, Strategic Collaborations, Mergers, and Acquisition, are the major strategies of the competitors
The Players of the Global Medical Aesthetic Market is fragmented. Product launches, Product launches, New innovations, Collaborations, Mergers, and Acquisition, are strategies used by the competitors The key competitors of the Global Medical Aesthetic Market are Alma Lasers, Allergan, Bausch Health Companies Inc., Lumenis Ltd, Shanghai Fosun Pharmaceutical Group Co. Ltd., Cynosure, Syneron Medical Ltd, Aerolase Corp., A.R.C. Laser Gmbh, and Asclepion Laser Technologies Gmbh
Alma Lasers: Alma Lasers, is one of the key competitors of the Global Medical Aesthetic Market; for instance, In February 2019, Alma Lasers had announced the launch of hair removal Laser Device known as Soprano Titanium, it was designed with the new Quattro 3D applicator hand piece, it has a spot size of 4cm, and sends three laser wavelengths of 755 nm, 810 nm, and 1064 nm, it was designed to treat all skin types
Lumenis Ltd: Lumenis Ltd. is a popular competitor in the Global Medical Aesthetic Market. In January 2020, Lumenis Ltd had announced the launch of LightSheer Quattro; it is proved laser hair removal treatments, suite for all skin types, with the laser wavelengths of either 805nm or 1060nm wavelengths with no down time. It was designed also for treating of pigmented and vascular lesions.
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